MBNA Launches New No Balance Transfer Fee Card

• Press Release
• Source: MBNA Europe Bank Ltd
• On 9:41 am EDT, Wednesday September 2, 2009

CHESTER, England, September 2 /PRNewswire/ -- MBNA today announced the launch of a new credit card offering no balance transfer handling fee and an introductory rate of 1.9 % p.a. for 12 months on balance transfers. The standard rate of interest for purchases will be 15.9% APR (typical) variable.

The rate and 0% handling fee on this limited quarterly special offer product will apply to all balance transfers and money transfers* made in the first 90 days of the account being opened.

This card is available exclusively on MBNA's Web site, http://www.mbna.co.uk.

"MBNA is delighted to be launching this market-leading product which offers no balance transfer and money transfer fees as well as a great low rate card for balance transfers and money transfers" said, Greg Reed, president of MBNA UK Card.

This is an Internet-only offer and anyone interested in taking out the new MBNA No Balance Transfer Fee Credit Card should visit http://www.mbna.co.uk.

*Notes to Editors:

    
    - Balance Transfer definition: a payment from the credit card
    account to another financial institution which is not a money transfer
    and which pays off or reduces the amount that is owed to them.
    - Money Transfer definition: a transfer of funds from your account
    to any personal account held by you or any other person at another
    financial institution other than into a credit card or loan account.

The information contained in MBNA Europe's press releases is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in finding out more about any of MBNA Europe's products should visit http://www.mbna.co.uk for full terms and conditions.

About MBNA Europe Bank

MBNA Europe, a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC - News), is the recognized leader in affinity marketing. MBNA credit cards and related products and services are endorsed by more than 5,000 organisations worldwide. For more information, visit the company's Web site at http://www.mbna.co.uk or Bank of America's site at http://www.bankofamerica.com.

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